MIRA
INFORM REPORT
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Report Date : |
02.09.2011 |
IDENTIFICATION DETAILS
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Name : |
AED ELECTRIC PTE. LTD. |
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Formerly Known As : |
AED TRADING AND SERVICES PTE. LTD. |
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Registered Office : |
55 Ayer Rajah Crescent #01-21 Singapore 139949 |
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Country : |
Singapore |
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Date of Incorporation : |
14.01.2008 |
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Com. Reg. No.: |
200801029G |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
Design and manufacture of silicone rubber heaters and special electronics module, etc |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 30,000 |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Singapore |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Contact
Points
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Company Name: |
AED ELECTRIC
PTE. LTD. |
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Former: |
AED TRADING AND
SERVICES PTE. LTD. |
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Supplied Name: |
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Supplied
Address: |
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Fax Number: |
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Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
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Registered Name: |
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Registered
Address: |
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Date of
Registration:: |
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Registered
Number: |
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Country of
Incorporation: |
Singapore |
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Registered
Capital: |
SGD 60,000 (USD
48,450) (As of 2011.06,
1 SGD = 0.8075 USD) |
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Paid-up Capital: |
SGD 60,000 (USD 48,450)
= 260,000 Shares |
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Legal Form: |
Limited Exempt
Private Company |
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Principal
Activities: |
Design and
manufacture of silicone rubber heaters and special electronics module, etc |
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N/A |
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Status: |
Live Company |
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Listed at Stock Exchange: |
No |
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Date of Last
Annual Return: |
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Notes: Subject declined
to disclose its staff information from other source we can not obtain the
relevant information, either.
History
Subject was incorporated on
|
Date |
Change |
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AED TRADING AND SERVICES PTE. LTD. |
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AED ELECTRIC
PTE. LTD. |
Shareholders
|
Subscription
Shares |
Proportion of
Investment (%) |
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65,000 |
25% |
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LIM TIONG SENG |
143,000 |
55% |
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NG SUAT HONG |
52,000 |
20% |
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Total |
260,000 |
100% |
Major Shareholder
Information:
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1 |
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Name: |
Gao Zhengrong |
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ID Number: |
G36787531 |
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Address: |
Room 302, No.54, Caobao Road, Lane 1508, Shanghai
China |
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2 |
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Name: |
Lim Tiong Seng |
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ID Number: |
S1232037Z |
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Address: |
224 Lorong 8 Toa Payoh #18--763 Singapore 310224 |
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3 |
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Name: |
Ng Suat Hong |
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ID Number: |
S |
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Address: |
914 Jurong West Street 91 #05-208 Singapore
640914 |
Subsidiaries & Branches
It is introduced
that subject has production facilities in Shanghai, China, while the details
are not disclosed.
Management Information
Detailed
Information of Management:
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1 |
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Name: |
Lim Tiong Seng |
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Position: |
Director |
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ID Number: |
S1232037Z |
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Address: |
224 Lorong 8 Toa Payoh #18--763 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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2 |
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Name: |
Lam Sun Yong (Lan Shanyong) |
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Position: |
Secretary |
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ID Number: |
S7228911J |
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Address: |
8 Lorong 7 Toa Payoh #07-295 Singapore 310008 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
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3 |
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Name: |
Ng Suat Hong |
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Position: |
Director |
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ID Number: |
S |
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Address: |
914 Jurong West Street 91 #05-208 Singapore
640914 |
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Nationality: |
Singapore P.R. |
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Date of Appointment: |
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Operation Information
Offices
& Factories
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Office |
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Address: |
Production
Information
l
Subject’s related factory in Shanghai, China is
engaged in manufacture of Standard and Customized electronic products
Purchase
Information
l
It is introduced that subject’s raw materials are
industrial grade and carries related agency approvals (UL, RoHS, etc ).
l
Subject purchases materials according to the
specific conditions and customers’ demands.
l
Subject’s components and parts are mainly from
China.
Sales
Information
l
Subject is a supplier of Standard and Customized
electronic products including silicone rubber heaters and special electronics
module, etc
l
Subject’s products are applied to the industries
including Food Services Equipments, Semiconductor Plants, Marine services,
among others
l
Subject also supplies technical service to
customers
l
Subject’s products are mainly sold in domestic
market in Singapore, while the overseas customers are not declined.
Settlements
Purchase
Domestic Markets
|
Products |
Payment Terms |
Proportion |
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Raw materials
and components, etc |
COD, etc |
100% |
Overseas Markets
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Products |
Payment Terms |
Proportion |
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Raw materials
and components, etc |
CBD, etc |
100% |
Domestic Markets
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Sales Terms |
Proportion |
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Electronic Products |
COD, CBD, etc |
100% |
Overseas Markets
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Product |
Sales Terms |
Proportion |
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Electronic Products |
CBD, etc |
100% |
Financial Information
Subject has no obligations
to disclose its financial statements to the third party according to the
relevant policy in Singapore, subject did not submit the financial information
to the local registry, and the only source from which we can obtain the
information is the subject itself.
Bankers
Subject’s staff
declined to disclose its bank details; from other source we can not obtain the
relevant information, either.
Interview Details
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Department: |
Sales department
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.01 |
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|
1 |
Rs.75.42 |
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Euro |
1 |
Rs.66.69 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.